An Arbitration Model for Normal-Form Games
An arbitration model for cooperative two-person normal-form games is suggested in which each player's strength is measured by what he can obtain through committing himself to a course of action before his opponent does. This approach differs from earlier models in which threats were evaluated on the basis of their relative effects on the two players. Possibilities for extensions to the n -player case are included.
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|Date of creation:||Sep 1975|
|Contact details of provider:|| Postal: Center for Mathematical Studies in Economics and Management Science, Northwestern University, 580 Jacobs Center, 2001 Sheridan Road, Evanston, IL 60208-2014|
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- Kalai, Ehud & Smorodinsky, Meir, 1975. "Other Solutions to Nash's Bargaining Problem," Econometrica, Econometric Society, vol. 43(3), pages 513-518, May.
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